Solomon Islands enjoy a vibrant and diverse marine lives in the world. The marine environment is clean and contain numerous investment opportunities in both coastal and deep water fisheries. Being one of the main investment sector, marine production continues to increase over the years. Tuna was the main export with more than 8 distant fishing nations having their fishing fleet in our EEZ. Most coastal resources are harvested by small to medium investors while oceanic resources are mainly harvested by foreign Investors which are often backed by their national government.

The importance of this sector for the national economy has prompted review for future development. Included in this review is the desire of the national government to see foreign investors setting up physical establishment in the country. Sustainable harvesting on both coastal and deep water resources form the core aspects for future development.

The national government wants to see more investment in areas that will contribute to sustainable harvesting, increase scientific understanding, better marine resource management, fish farming and down stream processing of fish and related products. Currently frozen tuna, canned tuna, frozen fish products and seaweed are among the top exporting products. To invest in this sector a foreign investor must have a fishery license obtainable from the department of National Fisheries and Marine Resources.

Contacts

Ministry of Fisheries & Marine Resources
PO BOX G13 Honiara

Ph:28604/38730